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Attachment 3 <br />Livermore -Pleasanton Fire Department <br />Calculating. Ca1PERS Unfunded Liability and Employer Contributions Based <br />on 49/51 Cost Allocation <br />June 30, 2016 Actuarial Valuation <br />(To determine 2018/19 employer contributions) <br />® Assumed split between Livermore & Pleasanton <br />June 30, 2016 Actuarial Accrued Liability (AAL) <br />June 30, 2016 Market Value of Assets (MVA) <br />2016/17, 2017/18 and 2018/19 Benefit Payments <br />2016/17, 2017/18 and 2018/19 Normal Cost (NC) <br />2016/17, 2017/18 and 2018/19 Employee Contributions'il' <br />® 2016/17 and 2017/18 Employer Contributions <br />50/50 <br />50/50 <br />50/50 <br />49/51 <br />49/51 <br />50/50 <br />® Determine 2018/19 Employer Contributions usinglabove allocations <br />June 30, 2017 Actuarial Valuation <br />(To determine 2019/20 employer contributions) <br />Calculate Expected AAL by rolling each,City's <br />allocated benefit payments and 2016/11$Q,,, <br />Compare actual June 30, 2017 AAL to ecte&4 L,,with difference equaling the liability <br />Gain or Loss. Allocate liability Gain or Loss in:iproportio'to'Expected AAL. <br />41'I:i ..!fi:i',iil!•,;ii it„:Iii' �. <br />ijo 'a i; di all; !, <br />Calculate Expected,lvlVA b}%••irollmg each City l,s allocated June 30, 2016 MVA forward to <br />June 30, 2017 based;'o I allocate,4'benefit payments and contributions. <br />Compare actual June 30k,g9iFMVA to Erected MVA with difference equalling the asset <br />Gain or . GAllocate asse Gain or Loss>izi proportion to expected MVA. <br />i'i,_ _.. <br />ASsu e 49/51 split of;' .Q19/20•I�. iiriibetweeri Livermore & Pleasanton <br />Deterrni mortization payments based on funded status using each City's AAL and MVA <br />from above:!: <br />Determine 2019/20 employer contributions using above allocations <br />"l:� October 25, 2017 1 <br />